Property

Joint agent

In the world of finance, it is common for a principal to enlist the help of multiple agents to represent them. These agents work together to carry out tasks on behalf of the principal, such as selling or leasing a property. In these situations, it is understood that if any one agent successfully completes the task, all agents will receive a portion of the agreed-upon compensation. However, if the transaction is ultimately the result of another party's introduction, none of the agents involved would be entitled to a commission. This concept is known as joint instruction and is a crucial aspect of the finance industry.

Related terms

Rent free period

Understand the meaning and definition of Rent free period in the context of stock market, trading, and investments.

MORE
Improvements

Understand the meaning and definition of Improvements in the context of stock market, trading, and investments.

MORE
High Street

Understand the meaning and definition of High Street in the context of stock market, trading, and investments.

MORE
Atrium

Understand the meaning and definition of Atrium in the context of stock market, trading, and investments.

MORE
Escalation clause

Understand the meaning and definition of Escalation clause in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers